Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

$ 10 million bitcoin? Investment Pro calls it ‘chance’ of your life

2025-05-18

Hedera Hashgraph (HBAR) Price forecast before 19 May

2025-05-18

Jesse Pollak explains how Pectra Upgrade will overload the basic network

2025-05-18
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Jesse Pollak explains how Pectra Upgrade will overload the basic network

    2025-05-18

    Ice Open Network welcomes Soonchain AI in its online+ ecosystem to stimulate Web3 AI-Game Development

    2025-05-18

    Chainware and Karatdao work together to redefine security and identity in chains

    2025-05-18

    Declan Hannon about how Aurora Labs makes blockchain accessible to everyone

    2025-05-18

    Ailayer forges Alliance with Gaea to create a decentralized AI-driven metaverse

    2025-05-18
  • NFT

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16

    Founder wallet emptied while he leaves

    2025-05-15

    British Museum puts sculptures from Dürer’s ‘Rhinoceros’ on Bitcoin Blockchain

    2025-05-14
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    The American stock market now looks more favorable than pre-trade war, according to Tom Lee from Fundstrat-Dit why is why

    2025-05-18

    Michael Burry van Big Short abruptly sells one ‘recession-proof’ assets

    2025-05-17

    $ 40 billion in XRP on the road – where are they going?

    2025-05-17

    Bitcoin who sees heavy accumulation on Coinbase and Binance, says analysis company Glassnode – here is the prospects

    2025-05-17

    Analyst who mentioned XRP price mark at $ 0.5 says that the increase in this level is coming

    2025-05-17
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»Everything you need to know about Bitcoin blockchain size and more
Altcoins

Everything you need to know about Bitcoin blockchain size and more

2023-06-17No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


  • Since the beginning of 2023, about 42 GB of data has been added to the network.
  • The number of transactions has retreated against the ATH in May.

The size of Bitcoin [BTC] blockchain has grown significantly since the Ordinals frenzy took over the network in early 2023.


Read Bitcoin [BTC] Price Forecast 2023-24


As the number of Ordinals inscriptions skyrocketed, moving 12 million at the time of writing, there were concerns that the size would become so large that it would become difficult for new full node operators to store the copy of the ledger.

However, this skepticism has come to an end. According to on-chain analytics company Glassnode, the blockchain size as of June 16 was 488.9 GB with an average block size of 1.89 MB. This fell short of some of the previous 525GB and 500GB projections.

Source: Glassnode

BTC Network Gets Relief

A Bitcoin full node stores the entire blockchain ledger locally. The growing size can be a concern because the full node must keep all the transactions that ever occurred in the ledger, increasing the demand for hard drive capacity.

Digging deeper, it came to light that approximately 42 GB of data had been added to the network since early 2023, an increase of more than 9% on a year-to-date (YTD) basis and a significant 18% from last year . year.

Bitcoin’s current size was between the projections of 2.35 MB and 1.35 MB blocks. According to Bitcoin Explorer Mempool, the size of the last processed block was 1.93 MB. The number of pending transactions was still over 326,000, although down significantly from 400,000 during the network outage phase in May.

Source: Mempool

The number of transactions decreases from the peak

Network traffic has cooled significantly since the unprecedented rise in transactions in early May. The combined impact of declining volatility and the FUD around centralized exchanges may have contributed to the decline.

Source: Glassnode

As can be seen from the chart, the number of transactions, and consequently the fees paid to validate these transactions, have dropped from all-time highs (ATH). However, traffic remains higher than the 2022 bear market and similar to June 2021 levels.

See also  Neobanks bridge financial gaps with blockchain


Is your wallet green? Check out the Bitcoin Profit Calculator


BTC climbed to a 10-day high of $26,702.37 at the time of writing, representing a 24-hour gain of 4.47%, according to CoinMarkerCap. The king coin made some progress over the past week, shaking off the FUD caused by the actions of US regulators.

Source link

Bitcoin Blockchain Size
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

$ 10 million bitcoin? Investment Pro calls it ‘chance’ of your life

2025-05-18

Hedera Hashgraph (HBAR) Price forecast before 19 May

2025-05-18

Ethereum vs. S&P 500: Despite winning, ETH traders cash in – why?

2025-05-18

Mastermind Behind Sec Sim -exchange schedule sentenced to 14 months in prison for manipulating Bitcoin price

2025-05-18
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Adventure Gold’s Crypto Volume Explodes 4105.82%, but AGLD Drops: What Now?

2024-11-14

SEC claims that Justin Sun’s alleged visits to the US grant her personal jurisdiction to take legal action

2024-04-18

FTX’s assets are being shaken up: the impending sale of UNI and LDO raises questions

2023-10-28
Editors Picks

Bitcoin: Why a Correction Around $60,000 Could Be Good for You

2024-02-27

Has the meme coin lost his mojo?

2025-04-08

SavingDAO collaborates with Singular AI Network: Bridging Technology & Innovation

2025-01-09

Polygon breaks from symmetrical triangle, analyst sets this goal

2023-12-27
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

$ 10 million bitcoin? Investment Pro calls it ‘chance’ of your life

Hedera Hashgraph (HBAR) Price forecast before 19 May

Jesse Pollak explains how Pectra Upgrade will overload the basic network

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$103,371.750.06%
  • ethereumEthereum(ETH)$2,390.97-3.57%
  • tetherTether USDt(USDT)$1.00-0.03%
  • rippleXRP(XRP)$2.35-0.44%
  • binancecoinBNB(BNB)$639.09-0.57%
  • solanaSolana(SOL)$165.37-0.99%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.2195171.66%
  • cardanoCardano(ADA)$0.73-1.46%
  • tronTRON(TRX)$0.262820-3.33%
  • suiSui(SUI)$3.760.27%
  • chainlinkChainlink(LINK)$15.17-1.38%
  • avalanche-2Avalanche(AVAX)$21.91-1.45%
  • stellarStellar(XLM)$0.281632-1.73%
  • hyperliquidHyperliquid(HYPE)$25.86-2.27%
  • shiba-inuShiba Inu(SHIB)$0.0000140.34%
  • hedera-hashgraphHedera(HBAR)$0.189595-0.96%
  • unus-sed-leoUNUS SED LEO(LEO)$8.650.32%
  • bitcoin-cashBitcoin Cash(BCH)$391.97-1.09%
  • the-open-networkToncoin(TON)$3.05-0.53%
  • litecoinLitecoin(LTC)$97.100.67%
  • polkadotPolkadot(DOT)$4.56-1.18%
  • moneroMonero(XMR)$342.200.83%
  • bitget-tokenBitget Token(BGB)$5.111.55%
  • pepePepe(PEPE)$0.0000135.36%
  • daiDai(DAI)$1.00-0.01%
  • piPi(PI)$0.73-0.12%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • uniswapUniswap(UNI)$5.770.44%
  • bittensorBittensor(TAO)$404.59-4.40%
  • aaveAave(AAVE)$217.94-1.15%
  • nearNEAR Protocol(NEAR)$2.700.29%
  • okbOKB(OKB)$52.17-1.81%
  • aptosAptos(APT)$4.95-2.31%
  • ondo-financeOndo(ONDO)$0.91-0.98%
  • kaspaKaspa(KAS)$0.108483-0.44%
  • internet-computerInternet Computer(ICP)$5.09-1.24%
  • ethereum-classicEthereum Classic(ETC)$17.80-1.81%
  • gatechain-tokenGateToken(GT)$21.50-0.61%
  • crypto-com-chainCronos(CRO)$0.096212-1.03%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.780.73%
  • mantleMantle(MNT)$0.730.55%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.232036-0.32%
  • vechainVeChain(VET)$0.027607-0.45%
  • render-tokenRender(RENDER)$4.48-1.31%
  • usd1World Liberty Financial USD(USD1)$1.000.00%
  • ethenaEthena(ENA)$0.3650320.89%
  • algorandAlgorand(ALGO)$0.2171280.72%
  • filecoinFilecoin(FIL)$2.78-0.43%
  • cosmosCosmos(ATOM)$4.720.10%
  • bitcoinBitcoin(BTC)$103,371.750.06%
  • ethereumEthereum(ETH)$2,390.97-3.57%
  • tetherTether USDt(USDT)$1.00-0.03%
  • rippleXRP(XRP)$2.35-0.44%
  • binancecoinBNB(BNB)$639.09-0.57%
  • solanaSolana(SOL)$165.37-0.99%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.2195171.66%
  • cardanoCardano(ADA)$0.73-1.46%
  • tronTRON(TRX)$0.262820-3.33%
  • suiSui(SUI)$3.760.27%
  • chainlinkChainlink(LINK)$15.17-1.38%
  • avalanche-2Avalanche(AVAX)$21.91-1.45%
  • stellarStellar(XLM)$0.281632-1.73%
  • hyperliquidHyperliquid(HYPE)$25.86-2.27%
  • shiba-inuShiba Inu(SHIB)$0.0000140.34%
  • hedera-hashgraphHedera(HBAR)$0.189595-0.96%
  • unus-sed-leoUNUS SED LEO(LEO)$8.650.32%
  • bitcoin-cashBitcoin Cash(BCH)$391.97-1.09%
  • the-open-networkToncoin(TON)$3.05-0.53%
  • litecoinLitecoin(LTC)$97.100.67%
  • polkadotPolkadot(DOT)$4.56-1.18%
  • moneroMonero(XMR)$342.200.83%
  • bitget-tokenBitget Token(BGB)$5.111.55%
  • pepePepe(PEPE)$0.0000135.36%
  • daiDai(DAI)$1.00-0.01%
  • piPi(PI)$0.73-0.12%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • uniswapUniswap(UNI)$5.770.44%
  • bittensorBittensor(TAO)$404.59-4.40%
  • aaveAave(AAVE)$217.94-1.15%
  • nearNEAR Protocol(NEAR)$2.700.29%
  • okbOKB(OKB)$52.17-1.81%
  • aptosAptos(APT)$4.95-2.31%
  • ondo-financeOndo(ONDO)$0.91-0.98%
  • kaspaKaspa(KAS)$0.108483-0.44%
  • internet-computerInternet Computer(ICP)$5.09-1.24%
  • ethereum-classicEthereum Classic(ETC)$17.80-1.81%
  • gatechain-tokenGateToken(GT)$21.50-0.61%
  • crypto-com-chainCronos(CRO)$0.096212-1.03%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.780.73%
  • mantleMantle(MNT)$0.730.55%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.232036-0.32%
  • vechainVeChain(VET)$0.027607-0.45%
  • render-tokenRender(RENDER)$4.48-1.31%
  • usd1World Liberty Financial USD(USD1)$1.000.00%
  • ethenaEthena(ENA)$0.3650320.89%
  • algorandAlgorand(ALGO)$0.2171280.72%
  • filecoinFilecoin(FIL)$2.78-0.43%
  • cosmosCosmos(ATOM)$4.720.10%